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RBI imposes monetary penalty on PNB, Federal Bank, and two NBFCs
The penalty was imposed on Punjab National Bank due to several violations, including levying SMS charges on certain accounts despite maintaining invalid mobile numbers in the Core Banking Solution (CBS), not strictly adhering to the interest rates as per the pre-disclosed schedule in several term deposit accounts, and failing to specify the interest reset date in MCLR-linked loans.
Fund raising via NCDs drops 29% in FY21 on decline in credit ratings
Going forward, experts say, the ongoing financial year (2021-22) will see some attractive numbers in non-convertible debenture (NCD) fund raising.
Companies garner Rs 9,100 cr through public issuance of NCDs in Apr-Jan period
Most of the funds have been mobilised to support lending activities, working capital requirements and other general corporate purposes.
Five companies garner Rs 882 crore via NCDs in April-July
The funds have been mopped up to strengthen balance sheets, which might have been impacted due to the coronavirus pandemic, retire existing debt and to support working capital requirements, market experts believe.
Gold loan volumes surge to record highs amid Covid crisis in India
Small business owners, people who have not been paid by their employers and the ones who are not able to earn their daily wages in the face of the lockdown are pledging family gold to raise funds. The top-7 gold financing companies are currently holding a record loan book worth Rs 85,000 crore, as per Care Ratings data. Banks are estimated to be holding gold loans worth Rs 2.35 lakh crore.
Fund raising via NCDs drops 67% in April-August
In terms of volume, there were 14 NCD issues in the first five months of 2019-20.
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10.76% fixed return! NCDs may prove a better deal than equities this year
Investors who want consistent returns with low risk can consider NCDs as an investment option.
Fund raising via NCDs surges 3-fold to Rs 29,300 crore in 2018
NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible.
No return big enough in NCD season; Indiabulls, NTPC offers fly off the shelf
Indiabulls Housing kickstarted a Rs 3,500 crore issue on Thursday. The company has kept an option to retain over-subscription of another Rs 3,500 crore.
Six companies garner Rs 6,400 crore via NCDs in FY17
The funds have been mobilised for expansion, support working capital requirements and other general corporate purposes.
These five companies raised Rs 2,700 crore via NCDs in FY'17
The funds have been mobilised for expansion, support working capital requirements and other general corporate purposes.
Indian firms mop-up Rs 58,000-crore via NCDs in FY'16
Most of the funds have been mobilised for expansion, to support working capital requirements and for other general corporate purposes.
Companies garner Rs 40K crore via NCDs in FY'16
Fund raising via retail issuance of NCDs by Indian companies has shot up by over 4-fold to Rs 40,000 crore in the current fiscal, ending March 31.
Companies garner Rs 27,000 crore via NCDs so far in FY16
Experts said sluggish market conditions have forced many companies to opt for NCD route to garner fresh capital.
Companies garner about Rs 15,000 crore via NCDs in FY'16
Indian companies have raised close to Rs 15,000 crore through retail issuance of non-convertible debentures in the ongoing fiscal so far.
Kosamattam Finance seeks Sebi nod for Rs 230 crore NCD issue
Kosamattam Finance, which is into gold loan financing, plans to raise up to Rs 230 crore through a public issue of non-convertible debentures (NCDs).
No licence! Banking aspirants SKS Micro, Diwan Housing may underperform market in short term
The 10 applicants were chosen from 72 applicants following detailed scrutiny of financial viability, business plans and other checks by three independent committees.
Fund raising via non-convertible debentures down 77% in FY15
In terms of numbers, fresh capital was raised through 25 issues in the past financial year compared with 35 in 2013-14.
NCDs lose ground, funds at 6-year low in FY15
Experts said fund raising via this tool has lost some of its sheen as companies have gone for QIPs and rights issues to garner capital.
Companies garner Rs 9K cr via NCDs, much lower than last fiscal
Indian companies have raised over Rs 9,000 cr via retail issuance of NCDs so far in the current fiscal to meet working capital requirements.
Kosamattam plans Rs 200 crore NCD issue; seeks Sebi nod
The firm, which is into gold loan financing, has filed initial documents with the Securities and Exchange Board of India (Sebi) for the approval of the public issue.
Companies garner Rs 7,000 crore via non-convertible debentures in first 8 months of FY15
Indian companies have raised close to Rs 7,000 crore via retail issuance of non-convertible debentures (NCDs) in first eight months of the current fiscal.
Companies garner 6,000 crore via NCD in current fiscal year
Most of the funds have been raised to support the working capital requirements and for other general corporate purposes.
Companies garner over Rs 5,000 crore via non-convertible debentures
In comparison, firms had collectively raised close to Rs 10,846 crore via 10 issue in the April-October period of last fiscal (2013-14).
Indian companies raise Rs 4,500 crore via NCDs
NCDs are loan-linked bonds that can't be converted into stock and usually offer higher interest rates than convertible debentures.
Don't be tempted by low-rated NCDs offering high interest, say experts
Experts are also uncomfortable with NCDs of companies which are unlisted. These issues are also small in size and, hence, suffer from poor liquidity.
Overlook debt ratings at own peril
Experts recommend sticking to quality offerings when it comes to the debt markets, and not risk their capital for extra 100-150 basis points.
Indian companies raise Rs 3,300 cr via NCDs
A cumulative amount of Rs 42,383 crore had been garnered through 35 issues of NCDs in the entire 2013-14 fiscal.
Indian companies raise Rs 1,400 cr via NCDs in Apr-Jun quarter of FY'15
A cumulative amount of Rs 42,383 crore had been garnered through 35 issues of NCDs in the entire 2013-14 fiscal.Load More
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